US$: A Real Dilemma! | Brèves

I know I said I was done for the year, and I'm sure I heard a collective sigh of relief all the way down here in Peru, but the subject of the U.S. dollar is just too tempting to put off until next year. A lot has happened since I last wrote about it back on October 10th and I believe it is the single most important market event we are facing at this point in time. Even more important than the non-confirmations we currently see between the Dow and other major indexes. What's more, the ripple effects will reach all the way into the bond, stock, and commodities markets. The dollar is very important for what it is, i.e., a proxy for U.S. debt. It is not a 'store of wealth´ as so many believe. Instead it is a piece of paper backed by absolutely nothing, printed and emitted by the U.S. government as a way of postponing the settlement of its debts. Better yet, it is an undeclared "bond", which can never be redeemed, except by receiving more of the same.

It was the intention of our founding fathers to have all money be either gold or silver and they were so insistent on it that they went so far as to write it into the U.S. Constitution. If you don't believe me, read what Thomas Jefferson had to say about the issue:..

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321 Gold

GEAB N°65 - Contents

- Published on May 16, 2012 -

Global systemic crisis / Second half of 2012 – Convergence of four explosive factors: Banks-Stock Exchanges-Pensions-Debts
Whilst waiting for Euroland to equip itself, by the end of 2012, with a medium to long term common political, economic and social project, especially following the election of the new French president François Hollande, anticipated many months ago by LEAP/E2020, players will remain prisoners of the short-term reflexes related to the sudden Greek political tremors, the uncertainties over Euroland governance and to the risks in public debts… (page 2)
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Which languages must your child learn to be useful to him in twenty years ? Anticipation of the principal intra-European and world common languages in a 2030 timframe
Beyond its cultural interest LEAP/E2020 has created this anticipation as a tool to aid decision-making, individual (parents for the education of their children) as much as collective (public education institutions, universities, states, international businesses). Individual and joint strategies as regards language teaching are long term processes needing fundamental choices to be made almost a generation in advance… (page 11)
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Strategic and operational recommendations
. Currencies-Gold: Stay on course
. Pensions: Preserving one’s capital
. Stock Exchanges: Last exit before chaos
. Banks: Maximum distrust
. Government bonds: The trap is closing (page 21)
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The GlobalEurometre - Results & Analysis
The majority of respondents believing that their country’s major banks could go bankrupt by the end of 2012 has risen to 66% this month (versus 61% last month)… (page 23)
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